Bitcoin Forum

Apparently, the sideways market broke down not out. Are we in a "now what" situation? Or do you think this is as far down as it goes? Even the week chart looks bad for BTC. Any suggestions what to do?

This could go far down even below $20k, nobody knows what happens next. After the crypto market losses $100b it immediately drops $25k level and currently Btc continued to fall down as it's currently trading at $23,700+.
Please replace that " now what" type of mindset coz this the "this is it" situation. This is what the crypto enthusiast is looking for. A good entry point.

This day have really brought bitcoin price down with continuous fall in price from the today's opening at $27,342 and now down to $23,543. This has dropped almost $4,000 from yesterday close. It could be fulfilling the continuous downward prediction for the trend. This doesn't look good for the cryptocurrency because more altcoins are going down with this development as there will be panic sell soon after today.

Nobody really knows what will happen next. It could go even below the current price range or it could have a resistance around the current price level. I mean anything could happen. But one thing I am sure about - it's a once in a lifetime opportunity to score more bitcoins at a low price and average out to an even lower price. This opportunity may not ever come back!

You might want to sell your altcoins now, many of them will not survive this bear market, so do not think they will all come back up when the market is green again, so selling your altcoins might be a good option, even if you are at a loss now, selling it so you do not completely lose eveything makes more sense. You should hold your bitcoins if you have any, do not sell it at a loss, it will surely come back up again, if you still have some spare money in this inflation period, you can buy more bitcoins, or leave the crypto network and diversify into other areas, maybe Real estate, gold, Silver, etc.

The tagline of the discussion is very catchy.  
I just finished discussing the same thing with my friend over phone. We are going downhill on a very steep hill and the breaks are not working at all.
Its good to save yourself from the coming trouble, beforehand.

There's nothing much to fear for in this period, why the fear if missing out, i think this has happened before and it still rises back to ATH or even beyond if am not mistaken that occurrs in 2018, we know this is just for a little time and not a downsize at all, mind you bitcoin still remains an acceptable digital currency and the volatile moves is something that is embedded with price speculation in which bitcoin operates with for buy and sell to be accomplished.

After seeing an inverted hammer 2 weeks ago, I thought that it would be the start of the reversal of trend, but it seems like the trend still continues. We are still in a downtrend and it's understandable knowing that we are in a global recession, tech stocks falling down, interest rates going up and some other bad events happening around the world.

What to do? Brace for impact, don't make reckless decisions and be better if you will just do nothing. Hope most of the investors will not make bad decisions such as selling at a loss and panicking while watching the market. Maybe it would be better if you will stay away from seeing the crypto market right now, especially if you are panicking that easily because right now, looks like Bitcoin is heading towards the $20,000 which is the next support right now.

I'm hoping to see a light after this downtrend, but it seems that it will take weeks to months before it will happen.

the only thing we can do is wait and hold on.. as long as we don't sell the tokens that we hold in my opinion it won't be a loss, only the valuation will decrease.. I've felt a trend like this since a few years ago, so I'm ready for this

Unfortunately, most of us believed about the happening of reversal of trend, but market proved that bottom was not around $30k levels. This is why I always say that chart reading and indicators do not show the whole picture. They are definitely good to trade daily if you can, but when you look at the long term results, there could be some crazy dude selling 50k bitcoins in a single sale and drop it all alone, that would be quite possible.

The "possibility" of that is all we need to understand that market is not something that you play with, or even think that you can predict with 100% accuracy, because anything could happen and that risk is always there. I do not know the reason of todays drop, but I know that charts didn't show it, and none of us expected it.

IMO asking that question after any huge one-day crash is silly.  In fact, it's always silly because it assumes you can read the future and the minds of everyone who makes up the market.  Oddly enough, that doesn't ever stop people from answering it.

I woke up this morning and my eyes almost popped out of my head when I checked preev and saw that bitcoin was at $23k.  If you'd told me it was headed that low, I probably would have told you I wouldn't be surprised--but goddammit, turns out I'm totally surprised!

Not sure if the whole Celsius thing is due to bitcoin's drop or is contributing to it, but usually when there's a major market correction like this you usually start seeing a bunch of crooks being forced out of the woodwork, and a whole bunch of other shenanigans as well.  Unless bitcoin recovers quickly, the next few weeks should be very interesting.

I agree with you because the price just decreased to 23,000 few minutes ago, showed that the bear market will take a long time before investors will experience bullish market. I think the price will still decrease more than $20,000 because the green light is not showing over some days now, show that it will be difficult for the price to hit $50,000 before the end of this year 2022. People will continue holding because everybody want to make a good income when the price increase higher in the market.

DCA if you do have the funds or wait up for possible bottom but we know that it cant be possible on knowing on whats the bottom but you could make your own guess or call.
Lots of rumors about for the price to go below 20k which i didnt expect for it to happen and i dont know on whats their basis or something in correlate with the situation.
This is really that too unexpected as always yet market is unpredictable.

Dont panic out and you wont lose nothing if you wont sell.Why people cant just really consider on buying into these dips rather than on freaking out?

Bitcoin is currently priced at $23,197 so i think its way down to $20k or lower than that. Well, the chart looks bad but its certainly the one that we are all waiting for. Bitcoin is very cheap right now so its time to maximize your purchase and expect huge profits in the future. However, since its hard to predict its bottom price, its best to do with DCA so you will surely not miss every dropping price of bitcoin.

Everything is happening to what we always wanted, bitcoin is now very affordable so there's no reason not to fill in our portfolio with a lot of potential bitcoin. And its not only bitcoin, but also those established altcoins are also in bargain right now so might as well buy them too so we can diversify our investments and create multi profits when bitcoin goes to the moon again. And for those who don't care buying, just hold your coins until everything in the market becomes stable again.

As expected with the market but I didn't expect to happen so soon. lol

Anyway, the important thing to do this time is to wait or HODL if you can but don't dump everything if you feel like selling. Just hodl and stay away from the market to protect your investment, just imagine what was the ATH and the price today that you have to sell. If you don't like that to happen then stop looking at the chart and proceed to make yourself busy with other things because the more you stare with the market the more you will likely to lose yourself.

The market is falling and will continue to fall and there is nothing we can do to stop it. Instead of panicking and leaving the market, this is clearly an opportunity to own bitcoin cheaply, you should continue to hold your bitcoins, not sell for the time being. the market will surely recover the way bitcoin did in 2018 after bitcoin dropped from $20k to $3k and then it bounced back and hit an ATH of 67k in 2021.

We really cant predict the movement of the market and im surprised how fast the downfall happened. Well, its not something unusual because anything is possible in crypto but I thought $25k is the bottom and it will bounce back, obviously im wrong about this.

Anyway, keep holding thats the best thing to do in times like this. If you cant bear seeing the market in bloody then much better to stay away for a while to not be tempted selling at loss. This is just temporary on the other hand you can do DCA if you have a budget to do so.

1. As said, we don't own a crystal ball.
2. Bitcoin movements are not so much predictable.
3. If the 4-year cycle patterns are still correct (I don't say they are, and I don't say they're followed accurately!) then the price may start looking good only in Q4/2022. And this means that going lower is possible. (And again, this doesn't mean it will).

What to do?
* If you trade, learn to use stop loss
* If you bought, learn patience for longer holding (or face the truth that you blew it, if your only option is to sell). Historically, if you hold for 4 years you're usually in profit.
* If you plan to buy consider DCA, so no matter the future price direction you're pretty much covered

I agree with what you said and currently the price of Bitcoin continues to show a decline and we don't know how far Bitcoin will go down,
but clearly we don't need to panic by selling our assets and it's better to be patient and wait for the market to recover,
and this moment needs to be used also to take profit by buying potential coins

I assume that your position is the same as the majority which are in losses.

If you're going to cut loss, how much that will be? Are you willing to convert that into bitcoin which is always the best choice during a crypto bear season?

Aside from that option, you can have it on a stable coin and maybe the market will plunge some more slashing more to the prices of bitcoin and other top cryptocurrencies.

Looks like you are in panic mate. Get used to it as the market will never stop from here, but more likely the market will fall even more. Though its kinda embarrassing seeing all our investments have decline, but always remember that this is really bound to happen due to market volatility. However, this is the best time to buy more and hold particularly for bitcoin. It will be a lot more exciting if bitcoin drops sharply into $3k again as no doubt, this will be the best moment that we are all waiting for. So just enjoy the ride, and get rich in the future.

Wont really be that much in concern on how much you had in negative or in losses because as long you dont sell something then its not a materialized loss which means you could still always have the chance whenever the market tends to have its recovery.
No one had really anticipated for this thing to happen on which we do expect that after a long time of moving sideways then we might be having that bullish or green candle once
gain but we are totally seeing different.
Dont cut loss but instead hold no matter what and buy on the dips to add it up on your portfolio.It might sound not ideal but
when you would really be doing such accumulation?

Keep analyzing and know when to buy again, also you should not panic because this market will recover and with Bitcoin we can still expect a good trend after this crash. Buy some now and buy more for a more cheaper price, the bear is still hear and you can see more cheaper price in the coming days, be ready with your cash.

The downward movement that we are seeing is without a doubt unexpected but it is not outside of the many different scenarios that we should have thought to be possible, so the situation should not be that surprising, and about what to do, that is a decision which is extremely personal and it depends on too may factors to give a standard answer, personally I am still holding and I have even bought some bitcoin with my fiat available, but I can understand if some other people cannot really afford to do something like this during the current crash.

Yes, as long as it's on your port then you're not in a loss.

But the matter these times, whenever someone is looking at his portfolio and he's too upset looking at it, that's already a big loss to him and he can't feel that it's going to recover.

We've seen too many situations like this when many people have thought the market will never recover until we saw that it had recovered more than what we've expected.

Market is always;

1. Unpredictable
2. Speculative
3. Random movement
4. Volatile

These are the main behavior or quality of this market specially Bitcoin or in overall crypto space.
You wont know on where it would be heading or going.

Sideways to pump or sideways to dump or moving sideways straight line.It cant be known thats why
we do neither end up on profitable or losing.

Maybe what surprise people about this dump is how fast things happen unexpectedly and no investors expect that we will go this far. But as many scenario pass like this maybe its good for investors to settle down and think about how they can grab the opportunity given by bear market sales since the price of the coins are mostly so cheap at the moment.

I tell you the same thing that I tell my clients, whether through the tough times, things will get better of the course of time. I’m not sure things will ever get better for many or most of the worthless altcoins (which is almost all of them)) but projects like bitcoin with a legitimate future will come back in due time.

Unfortunately. Those sideway movements were like the calm before the storm. The storm could either be a huge break out or a huge fall. It was a suspense waiting whether the price would explode upward or nosedive. It is just unfortunate that there was a huge fall. Apparently, all the supports couldn't absorb the fall and they were shattered one after another. I hope $20,000 would be strong enough to hold it.

As to what to do next, we actually don't have a lot of choices. It would either be to HODL, to continue with DCA, or to give in to fear and convert. Obviously, the final option is not wise.

Yeah I think the final option or suggestion is not wise at the moment. The fall has already happened or is beginning to happen because nobody knows the stop point but if price can fall from $60k above to barely a shadow of price going at $20,073, maybe we are approaching the bottom. So hodling is far better than converting to USDT , it is rather late for the decision.

There's no "now what" situation. There's only one thing  we could do. Just HODL. Selling your BTC right now seems like dumb move.
The panic on the markets is reaching high levels and fear is the worst advisor. If you are confident enough about the price hitting 10K, you could sell your BTC now. I don't know what will happen, so I'm just HODLing. Maybe the Bitcoin price will return to the 2020 levels of 10K-12K. This isn't a bad thing actually. It's not the end of the world. The worst thing right now would be making emotional decisions and acting like a conformist. Just wait and see what happens after the wave of fear and panic goes away.

ALready here in our country its is downhill - and the hill is very bumpy and steep.
By the time we will touch the ground - we will be almost lost. The high prices and inflation has been a serious shock for the poor people.

I am also on this decision. If you will convert now into stablecoin, you are already losing a lot. But if you have the notion that this market will recover in the very near future, as we always observed in the past, then, better hold off. Some people have no choice but to cash out as they have immediate needs, this situation is understandable. But if you have other means, weigh your options and holding may be your best option not to suffer losses at this period. Because if you will not sell, you will not lose, right?

For you not to make yourself to be that impulsive then its better not to check out your portfolio every now and then because this would really be likely a trigger for you to make out some unnecessary move

which would cause for more losses.The best thing to be done with the current market is to accumulate as much as you could as long you do have the money or finances then go ahead and add up even more
coins into your stash.This is actually the best time to shop some coins in the market on a bargain price.You cant really just sell on loss which is the dumbest thing to be done.
Market is unpredictable it could dump or crash and it could also shoot up to the moon thats why its not a bad idea on taking some position on the bottom.

Everything is expected just when the market starts being bearish. Bitcoin could even fall below $20k and settle into $3k just like what had happened before. So what we are seeing right now is never the first time to happen in the market. If you can maximize your purchase this time especially for bitcoin, that would be very great as bitcoin will always be the first to skyrocket and then altcoins will follow too. So never gets depressed and disappointed with the market, crypto market has been here already but after that, a sudden huge price increase is usually observed.

Wow, 3k! That's so far down tha even I can't imagine it being possible, no!! Yeah, making your prediction and expecting everything is the way to go about it but, a low that goes down as fat as 3k, nope, I can't expect that come off BTC. Not anywhere with all the big players that have stepped in and bought at ATH. They surely would be looking towards profit and are sure to make it a scare commodity after letting it dump to this point once more.
What to do, better not to sell your precious sats as the whales are there to buy it all in one go and push right back up. Just buy ensure your buying some more and your using your spare money too.

Your portfolio may be registering a loss. But that's just paper loss. Your Bitcoin remains intact. The moment Bitcoin recovers, your portfolio also recovers. But if you sell them, then that portfolio's loss is not anymore paper loss but realized loss. The moment Bitcoin recovers, your portfolio remains stagnant because you have already converted your Bitcoin into a stablecoin. But the main question is, why do you sell when the price is already in the process of finding its bottom?

What happened with bitcoin dropping from $30k to $22k is the lowest price ever recorded since ATH November 2021, many say that the 4 year trend will repeat itself and as designed to make users panic and sell bitcoin so the whales will buy cheap, those who are familiar with bitcoin should understand that when the price drops then the best thing is to buy.

Unfortunately, yes, we are waiting for a break out run, but it goes South. I don't think that we are in a 'now what' situation. We are in a bear market situation so what do you expect? Again, even if others will say that this really looks very bad, but in the long run this might be good after all.

As you can buy cheap bitcoins, at a discount and then fill your wallet. All you have to do is HODL and then have the mentality to not sell until the next bull run in maybe 2024-2025.

Instead of being disappointed if you place your entry when the price still at the peak, best not be shaken or not to fear but instead if you can study much deeper holding your asset for longer time can still bring you the benefits, not all can take it but patience is always a key factor when dealing with crypto. The volatile nature gives pain in the ass for most traders.

Invest the amount that you can spare and forget even if takes longer than what you originally plan.

As long as we make good use of this bear market condition by buying potential coins, it will be profitable in the long run,
the most important thing is never to sell at a time like this because it will only make us lose,
it's not easy to hold on and it takes patience

It is a time to buy if you have cash at hand. If you keep thinking why and how it happened, you will never be able to reach the trading decision.

It can be beyond this price too. It only means that someone is selling out there and lower than average prices are possible to be bought at.

Good and bad dont really exist in the professional traders vocabulary. It is either a choice to buy or sell. When the selling pressure is high the chart will be in red. For bitcoin if you have faith in its future considering it past charts, then you can make this decision on your own.

Comparing bitcoin to the fiat markets, every market has been feeling a selling pressure due to many reasons. So put your fiat to good use and buy whatever you wanted to till date.

It is still red and may follow the same for a while but I expected the 20K will be the lowest and it may go little further down due to the weak hands who are already in huge loss and probably want to exit with just a loss. No one knows when the things will change so keep your coins until you make profits or just exit with a loss as many of the amateur investors are doing.

Only crypto events such as Bitcoin halving could make the market recover but although the market is in bad shape, it isn't the right time to back out. Cryptocurrency only opens the best buying opportunity during this season. The market crash usually happens and the market can't remain in its bullish state. It has to undergo a bullish and bearish trend cycle. If you're a wise investor, then you should know how to take advantage of every situation.

This long anticipated prediction for $20k is already achieved now and bitcoin still remains a digital currency, no drop in value, no lost in hope and no doubt for uncertainties for any reason, what we aim at is to achieve a climax high on it next move to rising, right from the on set i don't believe any unnecessary claims about bitcoin except for altcoins, those are the ones that should be avoided to be use as an investment asset because of the risk level of it possession, bitcoin always goes down to rise up as it gathers momentum for that.

Right now, bitcoin is priced at $21,006 and its definitely the best price so far. But i think it will drop more in the next few days so always get ready with your funds or do DCA as its the safest strategy that you could use in buying bitcoin with its dropping value. Don't panic OP, bitcoin has even dropped into $3k if you trace the history and yet, it still recovers. So same with this, bitcoin will skyrocket again once this big crash is over. For now, its best to buy and hold. And certainly no selling, as you don't have to sell for a loss.

Bitcoin price won't always stay on top, it falls down particularly when a bear season hits the market, or when negative news influenced bitcoin. So expect that its value will always on the move. And once bitcoin experience dips, its even the best time to buy a lot of it as its certainly a big opportunity to maximize your portfolio with bitcoin. If you believe in bitcoin, you should never doubt how low its price will fall, because apparently bitcoin never stay forever dumping, it always moves up and boost again its price.

Even the guys in stock markets are having some problems too. It's just not cryptos that are affected by this global sell off, and it's still worsening by the day. Well for a few years, bitcoin and most of the cryptos stay relatively stagnant, until the market turned sideways and now crashes. It has to happen somehow, and perhaps now is that perfect time for that to happen considering all that's happening around the world

It seems like in times of economic emergency, that Bitcoin is on track to tumble at the same if not further than the stock markets. It does not seem like a safe place to store money, especially as it does not return anything while holding it. The bubble is well and truly bursting right now, it might go back up in the long term but it should simply be seen as a trading mechanism rather than something similar to gold. Use it to send money overseas and avoid middlemen, you might get favorable exchange rates compared to banks / forex traders. Too many people simply saw it as an asset, which they ultimately hoped to sell to someone at a higher price, but that many people will now lose and still not sell off at the right time on the way down.

Why many of us are still surprised by the Bitcoin price going downhill.  Isn't this normal in a bear market?  The bear market trend is sideway to lower lows.  Lower high might happen occasionally but it is always short live.  I think this sideway downtrend of Bitcoin price will stay for another year, so we better prepare our extra fund for Bitcoin on sales events during this Bear Market.

Because people need liquidity and bit off more than they could chew. The golden rule of investing is do not invest more than you can afford to lose. With every market down (except for real estate, which has a bubble forming), high inflation, and low wage growth, people are taking their cash out of the markets in order to afford to live.

IMO Bitcoin's growth was too unstable and highly speculative following the pandemic. A correction was incoming but the severity of the correction is just people panic selling in combination with a global economy that's extremely fragile. Entire crypto industry will recover, so for those panicking I can't help but think they're young investors that have not experienced volatility before.

Without a doubt the speed at which this can happen can be quite surprising even for those which have been part of this market for a long time, however the economy is in such a bad shape that a drop in the price was basically inevitable, and when we add this market was not doing that well either then it is understandable the price went down so fast, however now we need to wonder about what to do next, and buying some bitcoin does not seem as a bad choice as we know it will recover sooner or later.

And we're now officially below $20.000, currently trending at $19.000. The market went downhill in just a matter of a few hours and is doomed to crash even further in the upcoming days. Okay, let's be honest, I expected it to crash below $20.000, but the signs are currently showing that a further drop down to $16.000-$18.000 is almost inevitable.

Wait. Be patient. That's all you can do if you are a long term investor. Just don't look at the market for now if you cannot take it.
This will happen eventually and it's always just a question of "when?". We didn't know. No one knows. There might be those analysts that made the right prediction but those are guesses which doesn't have 100 percent accuracy.
The other thing you could do is buy more for a cheaper price then be patient again.

The inflation has made the life difficult for everyone. So the life is going downhill for everyone.
The rise in petrol prices and the hike in the prices of everyday items has been done in our country. Don't know how we will be able to survive the inflation.

No one had anticipated for this drop to happen but we know that everything could really be that possible into this market where crash and pumps could really happen and something that could happen in shortest time as possible.Cant really be denied that we had really just become too confident that the price wouldn't dropped like this and now the time has come or reached on this then we can't really just believe on what we are seeing.

8k is in rumors which we might really be seeing these numbers if ever this market will really becoming even more worst on upcoming days or weeks.So it's better to brace ourselves when it comes to possibilities.

It's just a matter of time for BTC to hit lower than your price range, between $16k and $18k. Feel pretty shit how we could get to this low and bypass all the resistance walls that fast. There is no floor here, I expect it could go low as $10k.

It's still going to look like that because regardless of anything this is likely to happen but I don't think there's anything to worry about because in bears anything can happen and maybe even the lowest point in this bearish season is worse than we thought. guess.
Now the $20k is gone and it would be better to just keep waiting if you have some spare funds because it will look good later even if we have to wait a little longer.

To be honest, I believe you're right. It's already at $18.200 and continues losing in value. I never expected to fall so quickly, practically ignoring any resistance. I'm really hoping that it doesn't fall so much, however, it's almost a lost cause, there's not much to do now but wait. Selling now would be a disaster, although it's bound to crash even further in the next 48 hours.

The exact same thing had occurred to me in 2018, it crashed so badly that I was disappointed enough to abandon Bitcoin for years.

It looks like reaching the $17k price is possible.  It is the weekend, and obviously, crypto holders often sell out during these days. AT the current price of Bitcoin at $18526 if sell-off happen I am afraid there is not much resistance before it hits the $17k  floor.



Indeed there is nothing to worry.  Bitcoin price will rebound after this bear market but the question is when.  I believe this bear market will last for another 10 months.

Many people are surprised and disappointed with Bitcoin's current performance, because it's not a good thing if Bitcoin drops below $20k.
What I fear is that there will be a panic sell, because many investors are afraid that Bitcoin will fall even further. Even though it's a bad decision
to sell Bitcoin at a low price, so my advice is to stay calm with the decline that has occurred in Bitcoin. Because if we can calm down and
be patient holding the Bitcoins we have, we are still not said to be losing money even though the price of Bitcoin continues to decline and shows
our asset estimates have fallen very drastically.

Because panicking and selling Bitcoin at low prices only makes us worse. We have to learn from what happened in 2018, when the market
experienced a very drastic price drop. But eventually Bitcoin was able to recover again and could even rise to a much higher price.
Therefore I consider what happened this year, almost the same as what happened in 2018. So we have to be patient in facing a declining market,
I believe the current decline is only temporary.

For those who can wait, this decline is not a problem as they can wait when things are going up again.
But for those who want to cash out because they need money, that's the dilemma of these users.
They will be selling at a loss because they need it. Not many can wait for the market to bounce back.
The current market situation can really  make some holders panic and sell off.
But for strong believers, this is a very good opportunity to buy more and hold.

If you're long term then it would really be understandable that you do need to wait and patience would really be tested on times like these and it's not surprising that market could really move sideways whether going up next or would really dip down further that's why it's really hard.

When you do have the experience then you do have the advantage over or compared to those people who are just new to deal with the market. So expect the unexpected because everything could really happen along the way.

Some people are always in hurry they want to get profit as early as possible.
I am one such character - so the waiting time is so much trouble for me. for this I always find an alternative sources and I have to keep myself very calm while doing all this.

And now the $17k is already happening and it's only a few hours from me creating a thread here :D Most likely it's going to take some time and it's true the decline might even be a bit longer and deeper.
As for the problem of panic, I feel that everything will become more panicky for new people, especially because if you look at the bitcoin hype in my area, it started in 2020, which was indeed that year a lot of people came here and now maybe they are going through a pretty severe phase for the first time. So it's natural to panic.

Same, have some hole in my posting history thank to this crash where I left the bitcointalk for years. But after some thought about the first crash and now seemly the second crash, I'm quite level-headed now. I'm sure there is a strong bull awaiting all of us after this phase. As long we survive after this.

Back to nearly $20k now. I'm sure this is just some rebound but can't help feeling we might back to normal.

Not totally for everyone because there are ultra rich people and I don't think they are affected with it. There are inflation and crypto prices are going downhill but it does not mean that we will follow it and our life will go downhill as well, that's wrong but instead this should give us a lot of motivation to stand up. People are often challenged once these negative situations come.

A now what situation is not true for someone that is well prepared and know that these things can happen but for some that aren't they can end up thinking like that but in case they didn't know what to do, I think the best thing to do now is to continue buying or doing a dca. Hodl is also a must thing to do after that. Charts looks bad but don't despair too much as there's still a chance for the market to recover.

the solution in the current market situation is to keep an eye on and look for opportunities to enter carefully. using the DCA technique. we can pay in installments and also sell gradually when we make a profit. However, sometimes in a bear market, more people panic to sell and are afraid to buy.

After a string of happy times with easy returns in this and many other financial markets, perhaps the hard times are just beginning. Although I am also very optimistic about the future, I have witnessed some horrible cases in the past with some big projects in this market. I am calmly reviewing the strategy to be able to return to investing with it.
In each different period, we will see opportunities as well as risks, and for me personally, this is not an ideal period when the panic and anxiety of many people who are losing money with it is present. The worst could be on the way and then the chance that I really think.

Now here in our country people are very worried about the stock market - there are not very particular about investing into the big projects.
The market won't get stable very soon and people and investor are planning accordingly. Wish and hope the things get better soon.

It is a wiser decision to recreate your strategy and review all this information from your experienced, it can be used as the basis when you try back and invest in, there are no perfect o accurate guide though, it's more on how you trust and how patience you are while inside this market, the volatility is the first thing that you need to understand and afterwards, you'll be able to create your strategy to counter the market movement and make things favorable to you.


You have to weight things and before doing any actions, you must be focused with alternatives and backup plans.

It's normal, we just have to live with this and realize that it is not going to be that simple to figure out how to get back to higher prices. There are plenty of people in the crypto world right now that is just simply waiting, and there are some people who are selling which is the main reason why it dropped down, we had a good recovery with some buying, but it is mainly a bear market.

What we need to do is get together and buy all together, which happens time to time but it is not going to be easy. So, what we need to do would be getting people hyped about, and that usually happens when there is a rush and on top of that a great big good news coming back to back.

BTC price fluctuation is something that is common and as an investor, enthusiast or trader, prepare for such situations. I will not want to be the harbinger of doom, but looking at the market cap, BTC is still falling( 20,426.18) as at writing. What to do? A little exercise of patience will be needed as even tho it's going down, it definitely will push back up.

The thing that makes us interested in bitcoin is high price fluctuations, if we want low price fluctuations then we can choose forex trading, I have traded in forex and the price changes are only 2% in a month, so cryptocurrencies are suitable for daily trading

The opportunity did come along right? peg at $17,500 for me that is the lowest low that we might see in this bear market as I don't predict that we can go lower than that (I might be wrong). But the point is, even if we are in a bear market and volatility is high, we can still make some adjustments on our investment. You can DCA or buy when the price goes down. No need to panic if you have been in this already because experience tells us that we will recover and bounce back again in the next bull run.

People should realize that because crypto market did really get famous because of its price volatility and we should really be that get used to huge price swings or in huge percentage which is really that a normal day here on this space unlike forex or stocks which is totally different I would say basing on my own personal experience.So risk factor is indeed high for this one and it's up to someone whether they could bare the risk or not because not all are getting used to with these movements so make yourself better prepared because emotions and psychological aspect would be mainly played on.

Surprisingly, it didn't stay at $17.500 for long and quickly bumped back to $19.000 - $20.000 within a couple of hours, something which I wasn't expecting. It's currently sitting at $20.160 and looks like it's crashing again (- 3.10% 24h). My bet is that it'll move towards $18.000 in the upcoming hours and probably stay in the range of $18.000 - $20.000 for quite some time.

Edit: And yup, 10 minutes later, and we're already well below $20.000 (- 5.10%).

And now we are above, but with so much volatility, I wouldn't be surprised if we are just going around this price and more of a sideway patterns in the next coming weeks.

As for the bottom price, yes, it's too early at $17k maybe next year it will go down hard again.

Perhaps this down turn we've seen is because of testimony of Fed chairman Powell as he didn't confirmed or deny and didn't give anything regarding the rampant inflation that the US is experiencing in the last decade.

This is an opportunity to start buying now, where $17.5 is a strong support area, so even if the price drops back from the support we set, we still have capital reserves to buy and look for the next support area. The courage to buy according to the analysis is very much needed, because not a few of us are still waiting for a decline and in the end they miss it because the price has gone up, which is the benchmark when the price is getting lower, then change our mindset to make it an opportunity to buy

In this case you can only do one thing "Hold", this is the best option at the moment all the weak hands who sold their bitcoin will surely regret, another thing you can also do if you have a dollar you have to buy more bitcoin Every drop because this is a great opportunity that may not be repeated in the future. The market situation is now difficult and the global economy is in a downturn so it is better at this stage to leave work and go on vacation until the situation stabilizes. Personally, I am optimistic that Bitcoin will do it this time as it has always done and come back stronger than it was.

This situation has already happened with bitcoin, it lost its price and fell to the very bottom. I think now exactly the same situation, we need to be patient and keep our bitcoins until better times. Of course, these are very bad days in the crypto world, but you should not give in to emotions.

Saying it fell to the bottom is not really even though it is currently at $20k and maybe the price will stabilize there,
when the market is bullish of course the price of Bitcoin will skyrocket,
that's true and most importantly stay patient and don't give up because sooner or later the market will recover

Bitcoin is always interesting to follow, up and down an unexpected price makes us have to always watch the price, and now the price that drops more than 30% compared to the beginning of June makes us have to be patient with hold, even if we have large capital then now now is a good time to buy.

An hour later after my post, it was already heading towards $21.000. The past few weeks have been extremely volatile, my best guess is that such volatility will continue for quite some time. At one point, I was certain that we were going to reach $15.000, however, it quickly recovered from $17.500. Although, it's way too quick to judge, because it could suddenly crash again, just like it happened a few days ago.

Despite the small recovery attempt today, one thing is for sure, it'll be a long and depressing winter. I hope I'm wrong.

Depending on what is your plan, people tend to have a lot of different opinions in this bearish market but if you believe someday that Bitcoin will reach new ATH then just buy this dip and leave it until some years. Don't get your mind got involved by other people, by other media, by the government, just you the one who invests and has faith in it.

All those who collapsed when fear are surrounding the whole market those who sell their assets after the value went down to $17k they are all being played by the dumpers who quickly buy back the coin and pumped it back to $21K, it's always good to stay patient while the market is unsure, otherwise you will lose your investment.

There are lots of reason but if you are unsure better to stay calm and wait for the market to recover instead of trying to cut your losses.

You ain't wrong. We think it has recovered but zoom out the charts, this is just another sideway from the extremely volatile crypto market when everyone is in fear of the bearish market. Sideway -> down then sideway -> down again, rinse and repeat.

The current recovery is a drop in the ocean. In my opinion, it's simply a way of "misleading" us before it crashes again. The two most probably scenarios are that it'll stay relatively stable within the range of $18.000 - $20.000, or it'll go downhill, possibly below $15.000 before we see anything major in terms of recovery on the market. I'm opting for the second, crashes are not over yet, I find it hard to believe that $17.500 was the bottom of the barrel.

Now we are once again on a sideways situation where price do able to held up and playing around 20-21k price as of this moment.There's no any signs of being bull or bear run but i wont really be surprised if ever the

price will be going down even further but it does have a strong support on 17k area but we know that nothing is assured until we do able to get out with these levels.Its really hard to determine on what would be the

move you would gonna do in these times considering that market could really move unexpectedly on what we do expect neither going sharp downhill or would be seeing some Uphill on next weeks or months to come.
Hardest part is always been pertaining about price speculations or on what would be the next movement.

I believe by now, you should see that everything have turned for bitcoin, though not very much but bitcoin market right now is in a much better position than it were some few days back.
Know it that every dip is a buying opportunity, it is important to understand that bitcoin price can't just keep going up, there will always be down times and this time is the best time to buy.
Though I don't really pay attention to all this so called experts predictions, but then, many of them still believe that bitcoin will end the year 2022 with a price of over $100,000, I don't know how possible this is but one thing I do know is that, every dip in bitcoin's price is a buying opportunity, for it will always go back up.

We really don't need to listen to these self-proclaimed experts because they are also human.
And they are just trying to make their own speculations based on what is happening around the market.
If you are a long-time user or holder, just follow your instincts because it is your money at stake.
They can predict high prices of btc, but ask yourself, what is the rate that it will become reality?
Be realistic with goals, so you won't be disappointed later on. Just be gentle on yourself.

Im never a fan on following someone when it comes on making out investment or decisions in towards crypto by those so called experts and same as you said that they are just the same as ours which is mere

speculators too because market is unpredictable and there's no way that someone could really be having that knowledge or talking about speculations which are precise.

The market we do have now is again doing sideways movements which it is really hard to take some guess on where it would be heading next.Its really hard when it doesnt make
much movement not just like into those normal days but we know that instances or situations like this are normal.

8 years I know bitcoin and have stopped since 2018 because at that time the price dropped more than 70%, I bought bitcoin when it was $12k in 2018 and had a chance to sell at $19k but I was too optimistic that the price would go up, next year 2018 I sold all balances for around $5500, of course cost me over 50% off and now is a good time to buy and start again.

The biggest alternative that I found has been gaming, during this low period I just love gaming and I played a lot of games, not a lot because I am working hard these days, but whenever I got any free time, that went to playing a game.

Plus, I had some health issues, for some weird reason I damaged my muscles in my left peck, so like left side of my stomach, so I have been laying down a lot these days, not a horrible big injury or anything, been a week and already feeling better, but that took some of the attention away as well. All in all, it feels like it is a great period to find alternative sources of fun or anything that takes your focus away, so you can wait patiently, and fail, or have fun doing something else.

Just to think that every drop is not totally reflecting negative as that is somehow a good time for investors.
Many had felt regrets last 2018 after missing the bottom price of Bitcoin but now, people are more optimistic. That's something to say that many had realized the situation and were able to understand the nature of the market and instead of getting into panic, the more getting strengthened their faith and trust as they once witness the capabilities of the market to rally despite the huge decrease.

The long charts of Bitcoin reveal it's movements clearly that it has the tendency to go up and down in long periods. Therefore patience is the key here. Sudden drops are common but keeping patience throughout the cycle helps every trader.

While profits will happen, losses may happen too. It is important that you learn from the mistake and try not to repeat that. Sideways is the time to check your methods again while holding back on trading. Profits will happen when prices go back up again.

Try keeping a positive approach whenever prices drop, that is the time to buy. Don't sell during the bear markets, but this is easier said than done for most traders.

Keeping a positive approach while you are into this kind of industry will allow you to develop good and useful mindsets, there are sways that might affect your trading position and a need of adjustment that will let you continue to be compensated, but not all can do things like this and possibilities of losing a trade is not impossible, but coping and moving forward is the best thing to take the challenge..

It is certainly something that will decide on the future of your profits as well. If you know what you are doing right now, then you would be easily making profit later on. People who could turn a profit during a bear period would find the bull period very easy. This is why I personally feel like it's easy to go over this bear period?

I just buy as much as I can, and I hold it as much as I can, and then I turn a profit from it when the time comes. Yes, it's not easy, and yes it takes time but at the same time we are talking about something simple here, just buy and hold. This is why it's quite easy to "survive" this period, and then make a profit later.

Not all people are gamers or who do really get enjoyed by playing games which does simply means that not all would really get entertained from it but its really effective on making
yourself get out from stress on looking into your portfolio on making yourself get distracted because if you do keep yourself on watching and checking out every now and then
then it would really be the most stressful thing that you would really be able to experience.I know its not something simple and easy to deal with stress and fear when you do see
that your investments is going low but to consider that this had been always the case on this unpredictable market then making yourself get used to it.

The current Bitcoin price range is $18k - $21k, we are experiencing this sideways for several weeks. Yes, it is not clear whether Bitcoin to increase or drop more after this sideways. However, since we are in the bearish season, I assume we probably see more dumps once this sideways ends. I don't see any strong signs for Bitcoin price to increase again significantly. Instead, we have more bad issues that seem to lead Bitcoin to the upcoming dumps. So, I think in the next dumps, $17k may be passed. The Bitcoin price range in the next sideways may be $15k - $18k. IMO

If we understand the crypto world well, of course we will always find a way to make a profit. Even in a bear market situation we don't need
to panic, because if we understand how the crypto market works, we only need to buy coins that we consider potential according to our
respective financial capabilities. After that we only need to hold the coins until the market recovers, everything will be easy for us to do as long as
we believe in the future of the coins we will buy, so there is encouragement and motivation in us to continue to do what we think is right.
So far, I have succeeded in generating satisfactory profits from crypto. Therefore, a very drastic market decline did not make me give up and
I can always survive in the crypto market in any situation. Because I never stop learning about the crypto world, so I know what I have to do
to survive and make a profit in the crypto world.

When you are doing scalping then it would really be still a considerable movement for you to make profits and even on swing trading yet small percentage gains would already suffice.
For people who do aim for long term then this is something that wont really be stressing them out. Just on looking on what the market moves and behaves and pertaining about possible bottom
then this is where they do make out some significant decisions in regarding on buying movement.

Sideways to Downhill is something a situation to be that common into this market and it do happen for thousand of times into this crypto space.Get used yourself to it because market
is unpredictable since from the start.There's no way that we could determine on when it would start on moving.

From this moment, the price of Bitcoin is moving between 19k$-21k$, as long as you have the capacity to buy it, you must do it now then hold. Here try to check and review this link
https://bitcointalk.org/index.php?topic=5405246.msg60520337#msg60520337 you can see the history of Bitcoin value since it was started up to the present time now where as time goes by the price always increased in the market even it got dumped the price still the goes up.

Right now, bitcoin has already hit $21k but that won't guarantee that bitcoin will continue to surge and skyrocket. As the bear market continues and still very visible, then bitcoin will always be affected and will eventually drop its price again to a much lower value. While others have already doubted the potentials of bitcoin and expect that its price is hardly to recover, strong hands too are now seizing the opportunities to accumulate a lot of bitcoin while the price is still having a big crash.

Strong hands are into shopping by now, they fully understand how this kind of opportunities will give them good benefits when the bull market starts to pump up. There are many instances that weak holders fell from this kind of situation thinking that it's already doomed and
selling into panic, they lost their patience and their money as well.

Better to have a good strategy before you take your side during these heavy days inside the market, adjusting and having
enough patience. That's what investors need to survive.